Joseph E. Stiglitz, American economist

Joseph E. Stiglitz, American economist

Wed, 25/09/2019


Doctor Honoris causa of ENS de Lyon, November 5, 2019


Joseph E. Stiglitz is an economist and is currently a Professor at Columbia University in New York, USA. He is also co-chair of the High-Level Expert Panel on Measuring Economic Performance and Social Progress at the OECD and Chief Economist at the Roosevelt Institute.

Previously,  he was Senior Vice President and Chief Economist of the World Bank and a member and president of the Council of Economic Advisers  under  Bill Clinton. In 2000,  he founded the Initiative for Policy Dialogue, a think tank on international development based at Columbia University.

Winner of the Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel in 2001 - with George Akerlof and Michael Spence - Joseph E. Stiglitz is often presented as belonging to the Neo-Keynesian movement that emerged in the 1980s in response to the new classical economy.

As he himself said in 2007: "The theories to which I (and others) have contributed explain why markets free of restriction often do not lead to any form of social justice. Moreover, they do not generate enough revenue. Curiously, there was no attempt to challenge Adam Smith's theory of the invisible hand: individuals and companies, in their quest for their own interests, are not necessarily, or generally, guided by an invisible hand towards economic efficiency.”

Professor Stiglitz is the author of major contributions to macroeconomic and monetary theory, the analysis of development and international trade, the study of finance, inequality and the distribution of wealth, welfare economics, among many other topics. His scientific work is immense.

He is also the author of numerous books aimed at citizens, which have mostly become bestsellers, enabling a wide audience to have a better understanding of economic, social and political issues today. In 2011, Joseph E. Stiglitz was nominated by Time magazine as one of the 100 Most Influential People in the World.

Awards and distinctions

Sydney Peace Prize in 2018
Officer of the Legion of Honor in 2012
Foreign member of the Royal Society in 2009
Nobel Peace Prize in 2007, with the Intergovernmental Expert Panel on Climate Change (IPCC)
Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 2001


Book coverPeople, Power, and Profits
Progressive Capitalism for an Age of Discontent
Joseph Stiglitz

Allen Lane, April 2019
ISBN: 9780241399231
400 pages

From Nobel Prize-winning economist and bestselling author Joseph Stiglitz, this account of the dangers of free market fundamentalism reveals what has gone so wrong, but also shows us a way out.